Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Amendment to the Agreement with Woodland CC LLC, related to an award of Home Investment Partnerships Program funds, to comply with federal Grant requirements, and authorizing the Mayor to execute any other amendments with Woodland CC LLC related to this award. [Div. of Grants and Special Programs, Reynolds]
Summary
Authorization to execute Amendment to the Agreement with Woodland CC LLC under the 2024 HOME Investment Partnerships Program to increase from two HOME-assisted units to three HOME-assisted one-bedroom units to comply with US Department of Housing and Urban Development’s maximum per-unit subsidy amount established under the Section 234 Condominium Housing Limits, update utility allowance requirement, and authorizing the Mayor to execute any other Agreements or amendments with Woodland CC LLC related to the use of these funds. No Budgetary impact. (L0659-25)(Reynolds/Lanter)
Budgetary Implications: NO
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 6/17/2025
Risk Management: N/A
Fully Budgeted: Yes. All funds previously Budgeted.
Account Number: 3120-900274-0001-71101
This Fiscal Year Impact: $0
Annual Impact: $0
Project: HOME_2025
Activity: H03
Budget Reference: 2025
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute an Amendment to the Agreement, which is attached hereto and incorporated herein by reference, with Woodland CC LLC, related to an award of HOME Investment Partnerships Program funds, to comply with federal Grant requirements.
Section 2 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute any other amendments with Woodland CC LLC related to this award.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
_________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0659-25:BGS:4911-1816-9425, v. 1